El Nasr Automotive restarting production put the country's efforts to localize the auto industry in the limelight
The firm has officially restarted operations after a 15-year hiatus
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The firm has officially restarted operations after a 15-year hiatus
The automaker’s factory currently has an annual production capacity of 300 buses, which the company hopes to increase 1.5k by…
The sale is expected to attract investments in El Gouna’s infrastructure, amenities, and facilities
The factory will start assembly of Proton’s Saga model next month
The company will begin by rolling out 3k vehicles in 2025, before upping output further
Production is expected to kick off by the end of 2025
The cabinet approved two new golden license issuances
This policy shift comes as the CBE seeks to lift all remaining USD restrictions
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